ICAI has issued new Guidelines to limit the number of Tax Audit Assignments. The existing limit of 60 tax audit assignments per member is retained. However As per the New Guidelines limit on number of tax audit assignments per partner in a CA Firm cannot be distributed/or shared between the partners. This Guidelines will be…
Read moreGuidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961(Revised 2025) Edition
The Direct Tax Committee of The Institute of Chartered Accountants of India has brought out the Revised 2025 Edition of Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961. This Revised Edition Considers the recent changes in Form No. 3CD and amendments by the Finance (No. 2) Act, 2024 and Finance…
Read moreDue Date of Filing Audit Reports Extended to 07th October 2024.
The CBDT Vide Circular No.10/2024, has extended the Due date for filing of reports of Audit for the Previous year 2023-24, which was on 30th September 2024, in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07thOctober 2024. For the Circular No.10/2024,…
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